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SEC instructs CHARAN to cooperate with auditor and submit rectified interim financial statements



Friday 15 August 2025 | No. 203 / 2025


Bangkok, 15 August 2025 – The Securities and Exchange Commission (SEC) has instructed Charan Insurance Public Company Limited (CHARAN) to cooperate with its auditor in reviewing its interim financial statements for the first quarter of 2025, and to submit the rectified, reviewed interim financial statements to the SEC by 15 September 2025. CHARAN must also concurrently disclose these financial statements to the public via the Electronic Listed Company Information Transmission System of the Stock Exchange of Thailand (SETLink).

The auditor expressed a disclaimer of conclusion on CHARAN’s interim financial statements for the first quarter of 2025 because the auditor was unable to obtain sufficient audit evidence to review the first-time adoption of Thai Financial Reporting Standard 17: Insurance Contracts (TFRS 17) on 1 January 2025. Consequently, the auditor was unable to review the source of input data, the supporting documents for reconciling input data imported into the Company's information technology system which is used to process insurance contract data, the assumptions used, analysis of impacts and adjustment transactions on the transition date, and other interim financial information related to the adoption of this financial reporting standard. 

The SEC has therefore instructed CHARAN to cooperate with the auditor in reviewing the interim financial statements, submit the rectified and reviewed interim financial statements to the SEC, and concurrently disclose them and related reports to the public via the SETLink by 15 September 2025.








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NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 203 / 2025 Friday 15 August 2025
SEC instructs CHARAN to cooperate with auditor and submit rectified interim financial statements

Bangkok, 15 August 2025 – The Securities and Exchange Commission (SEC) has instructed Charan Insurance Public Company Limited (CHARAN) to cooperate with its auditor in reviewing its interim financial statements for the first quarter of 2025, and to submit the rectified, reviewed interim financial statements to the SEC by 15 September 2025. CHARAN must also concurrently disclose these financial statements to the public via the Electronic Listed Company Information Transmission System of the Stock Exchange of Thailand (SETLink).

The auditor expressed a disclaimer of conclusion on CHARAN’s interim financial statements for the first quarter of 2025 because the auditor was unable to obtain sufficient audit evidence to review the first-time adoption of Thai Financial Reporting Standard 17: Insurance Contracts (TFRS 17) on 1 January 2025. Consequently, the auditor was unable to review the source of input data, the supporting documents for reconciling input data imported into the Company's information technology system which is used to process insurance contract data, the assumptions used, analysis of impacts and adjustment transactions on the transition date, and other interim financial information related to the adoption of this financial reporting standard. 

The SEC has therefore instructed CHARAN to cooperate with the auditor in reviewing the interim financial statements, submit the rectified and reviewed interim financial statements to the SEC, and concurrently disclose them and related reports to the public via the SETLink by 15 September 2025.